
State-owned gas utility GAIL (India) delivered exceptional financial results for the quarter ended June 30, 2026, with consolidated net profit attributable to owners of the parent rising 96.9% year-on-year to ₹4,665.36 crore compared with ₹2,369.20 crore in the corresponding quarter last year. According to reports from Business Standard, the company's revenue from operations increased 16.7% YoY to ₹41,350.18 crore from ₹35,428.81 crore in the previous year. The strong performance was driven by healthy growth across multiple business segments, with total income rising 16.6% to ₹41,482.65 crore. In the latest quarter, GAIL reported consolidated profit before tax increasing 106.9% to ₹6,267.56 crore from ₹3,028.84 crore in the previous quarter, with profit before the share of earnings from associates and joint ventures and tax more than doubling to ₹5,924.84 crore. The company's operating profit margin (OPM) improved to 17.23% from 10.39% in the previous year, demonstrating enhanced operational efficiency.
For the latest quarter, GAIL reported consolidated profit before tax increasing 106.9% to ₹6,267.56 crore from ₹3,028.84 crore in the previous quarter. The company's profit before the share of earnings from associates and joint ventures and tax more than doubled to ₹5,924.84 crore from ₹2,607.23 crore in the March quarter. The EBITDA surged to ₹6,376 crore from ₹1,153 crore in the March quarter, while the EBITDA margin expanded dramatically to 16.4% from 3.3% in the previous quarter, demonstrating substantial operational efficiency improvements. Basic and diluted earnings per share rose to ₹7.10 from ₹3.60 in the corresponding quarter last year. In the latest quarter, GAIL reported PAT increasing 18% to ₹2,217 crore from Q1 FY26, though turnover remained flat at ₹34,972 crore INR.
According to Business Standard reports, Natural Gas Marketing emerged as the standout performer with profit before interest and tax more than tripling to ₹3,607.72 crore from ₹1,044.68 crore, while segment revenue grew 25.2% to ₹43,558.67 crore. The City Gas segment recorded impressive growth with revenue increasing 31.2% to ₹2,256.11 crore and segment profit rising 27.1% to ₹225.62 crore. The LPG and liquid hydrocarbons business demonstrated strong performance with revenue up 84.5% to ₹2,039.21 crore and profit before interest and tax increasing 276.8% to ₹772.50 crore. The Natural Gas Transmission segment contributed ₹3,042.09 crore with profit before interest and tax rising 14.5% to ₹1,782.65 crore, while the Petrochemicals segment remained loss-making with revenue declining 61.6% to ₹646.08 crore. GAIL is expanding CNG and DPNG infrastructure while projecting gas marketing EBITDA between ₹4,000-4,500 crore INR, despite market volatility concerns.
Alongside the strong quarterly results, GAIL's board approved the amalgamation of its wholly owned subsidiary Konkan LNG Ltd. (KLL) with the parent company. Konkan LNG owns and operates the LNG regasification terminal at Dabhol in Ratnagiri, Maharashtra, while GAIL is engaged in the marketing and transportation of natural gas, petrochemicals and liquid hydrocarbons. According to the company, the merger is aimed at creating a larger, vertically integrated entity while simplifying the group structure and improving operational efficiencies. Following the scheme's implementation, Konkan LNG will stand dissolved without being wound up, and its equity shares will be cancelled in accordance with the Companies Act. The company is nearing completion of major pipeline projects, with transmission volumes expected to grow to 133-134 MMS CMD in FY27, representing an 8-10 MMS CMD increase.
According to GAIL's latest disclosures, liquefied natural gas (LNG) supplies from the Middle East have been disrupted since March 2026 due to the geopolitical situation in West Asia. Petronet LNG declared force majeure on March 3, reducing GAIL's regasified LNG allocation under the contract to zero from March 4. The company reported that seven LNG cargoes under other contracts were also affected during the June quarter. To manage these disruptions, GAIL procured LNG and natural gas from the spot market and alternative sources to maintain supplies to priority sectors.